I hope GM won't just go through all this mess, somehow, hopefully, emerge a better, stronger, leaner and meaner company with much better cars and higher profits, only to stagnate sometime in the future and forgo meaningful R&D for executive bonuses and private planes and islands. Keep producing great cars, GM, and remember to make those great cars even greater before those great cars become crap.
I'm struggling to understand why everything is so black and white for so many people.If it's not capitalism,pure and distilled,it must be communism,pure and distilled? Haven't we had 300 years to prove Adam Smith wrong? In a short time GM will be out of bankruptcy ,out of government ownership, and back in private hands.Just like Renault ,or Alfa Romeo -and unlike Volkswagen (20% still owned by the state of Lower Saxony)
I wonder when Murillee is going to do her "Down on the Junkyard" post about an enfeebled GM being parted out at the "Pick N Pull", awaiting the cold steel jaws of the crusher
Welcome to the United Soviet America. Capitalism has found a way to solve its problems i.e. communism. I mean where the world is heading towards? Anyway, I will sit back and watch from my post-Eastern block home, Hungary and say at the end "we told you".
@GeeHalen: There was a good article in Pravda a while back (sorry, don't have the link handy) written by a citizen of Russia, basically saying what hypocrites we Americans are, bashing the USSR but now slowly moving towards that exact type of state.
Communism, in anything other than a group of a few extremely like-minded people, doesn't work. And it's immoral.
@mechimike: That is true (I know, I can clearly sense the aftermath). The USA is heading to a direction where China's at. A sort of capitalist communism.
So, then, being a student and getting a government loan to go to college is also a completely communist idea, right?
What happened at GM is the same concept, only on a much larger scale. Granted, I, too, have some concern over the precedent that this is setting. I, too, agree that this has the potential to be a slippery slope. But to sit back from your own "post Eastern-Bloc" home and call us communist is a little short-sighted.
In the end, the theoretical role of any government, regardless of its classification, is to look after the interests of the people that it governs. In the US, we had two options: help bail out the industry, or let an industry that is directly responsible for one in ten jobs in our nation fail, leaving massive unemployment.
One could argue that that is what should have happened, and one would be an abject moron. It is very easy to say that that is what should have happened, that we should have just dealt with 10% unemployment, when you aren't affected by it.
One could also argue that under liquidation, GM and Chrysler's pieces would have been bought up other, smaller companies that would have done a better job of running things. Once again, one would be an abject moron, as they have no practical basis for the assumption that other people would have made better management decisions, just as those in favor of the bailout have no practical basis for the assertion that the new management team will do any better of a job than the old one.
We had two choices. Both of them were bad. We chose what we deemed to be the lesser of the two evils (if only slightly). It's done and over. The decision has been made. The decision has been enacted. It's in the past now, as are GM and Chrysler's fuck-ups.
We can either bitch and moan about it, or we can set down a solid plan to get them the hell out of government debt as soon as possible.
Yeah, well, when the Russians actually make a move towards actual democracy, they can talk. They may not live in a state society anymore, but make no mistake, they are far from being in a position where they can criticize us for a lack of democracy.
Also, morality is subjective, and, in the end has nothing to do with anything. Communism is certainly a bad thing, but that has nothing to do with morality per se.
@Ray Wert: This, oh Great One, is a state in which the puny Earthlings become torpid and make strange sounds from their gullets and nose. It is merely evidence that we of the Pan-Galactic Alliance are destined to dominate them for all eternity.
This clamp is made in China. It emphasizes the importance of the auto industry to the world economy as a whole.
I want you to take a look at this unusual clock. It points out very dramatically that every 6 seconds of every working day someone calls a tow truck for a new Chevrolet Camaro.
This, as you can see, is a very special occasion, and so we feel certain that, given a choice, they will take the Mercedes tonight. What a happy choice it will be.
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Here's a fifth for good measure (Do you drink Vodka, Gin, or Whiskey?)
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Communism, in anything other than a group of a few extremely like-minded people, doesn't work. And it's immoral.
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Geely Motors?
07/06/09
So, then, being a student and getting a government loan to go to college is also a completely communist idea, right?
What happened at GM is the same concept, only on a much larger scale. Granted, I, too, have some concern over the precedent that this is setting. I, too, agree that this has the potential to be a slippery slope. But to sit back from your own "post Eastern-Bloc" home and call us communist is a little short-sighted.
In the end, the theoretical role of any government, regardless of its classification, is to look after the interests of the people that it governs. In the US, we had two options: help bail out the industry, or let an industry that is directly responsible for one in ten jobs in our nation fail, leaving massive unemployment.
One could argue that that is what should have happened, and one would be an abject moron. It is very easy to say that that is what should have happened, that we should have just dealt with 10% unemployment, when you aren't affected by it.
One could also argue that under liquidation, GM and Chrysler's pieces would have been bought up other, smaller companies that would have done a better job of running things. Once again, one would be an abject moron, as they have no practical basis for the assumption that other people would have made better management decisions, just as those in favor of the bailout have no practical basis for the assertion that the new management team will do any better of a job than the old one.
We had two choices. Both of them were bad. We chose what we deemed to be the lesser of the two evils (if only slightly). It's done and over. The decision has been made. The decision has been enacted. It's in the past now, as are GM and Chrysler's fuck-ups.
We can either bitch and moan about it, or we can set down a solid plan to get them the hell out of government debt as soon as possible.
I'll take the latter choice.
@mechimike:
Yeah, well, when the Russians actually make a move towards actual democracy, they can talk. They may not live in a state society anymore, but make no mistake, they are far from being in a position where they can criticize us for a lack of democracy.
Also, morality is subjective, and, in the end has nothing to do with anything. Communism is certainly a bad thing, but that has nothing to do with morality per se.
@Jim Topoleski:
Alright, the apparently rare ability to tell the difference between communism and socialism earns you a heart-click.
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Therefore, the mock-up is a little bit misguided.
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Clearly he was saying, "...the importance of the auto industry to the nation's economy...as a HOLE."
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This clamp is made in China. It emphasizes the importance of the auto industry to the world economy as a whole.
I want you to take a look at this unusual clock. It points out very dramatically that every 6 seconds of every working day someone calls a tow truck for a new Chevrolet Camaro.
This, as you can see, is a very special occasion, and so we feel certain that, given a choice, they will take the Mercedes tonight. What a happy choice it will be.
06/02/09
06/02/09
And who can argue with Lawrence Welk?